Ep. 68: John Butler on Stagflation, Gold and Bitcoin

John Butler has 25 years’ experience in international finance. He has served as a Managing Director for bulge-bracket investment banks in research, strategy, asset allocation and product development roles, including at Deutsche Bank and Lehman Brothers. He has advised some of the world’s largest institutional and private investors, and he has been a #1 ranked Investment Strategist by Institutional Investor magazine. His past publications include his popular Amphora Report investment newsletter and the book ‘The Golden Revolution’. In the podcast, we talk about:

Why stagflation is here
The problem with large fiscal and public spending plans
The moral hazard of Fed policy
Why was inflation low after the global financial crisis?
The absence of excess capacity and parallels to 1970s
How to play a stagflation theme
Is there a commodity supercycle?
The future path of gold
Why bitcoin won’t replace the dollar (or gold)
The importance of risk management
Book that influenced John: Money and Magic (Binswanger)

You can follow John on Twitter and read his articles here.

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